Riyadh-based ACWA Power led consortium has won a $400 million contract to build the first utility-scale solar photovoltaic based Independent Power Project (IPP) at Ibri in Dhahirah governorate of Oman, according to media reports.

 

The winning consortium, comprising ACWA Power, Kuwait-based Gulf Investment Corporation and Alternative Energy Projects Co, was selected following a detailed financial, technical and legal evaluation of bid proposals, Oman Observer reported, citing Oman Power and Water Procurement Company CEO Yaqoob Al Kiyumi.

 

The project will offer a peak power generation capacity of 500 MW, which will meet the electricity needs of an estimated 33,000 homes. 

 

The IPP is slated to be commercially operational by June 2021, Al Kiyumi said.

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